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of <h1>Income Tax Bill 2025: Clause 87 Offers Tax Breaks for Industries Moving from Urban to Non-Urban Areas</h1> Clause 87 of the Income Tax Bill, 2025, introduces tax exemptions on capital gains for industrial undertakings relocating from urban to non-urban areas, aiming to reduce urban congestion and promote regional development. This provision mirrors Section 54G of the Income-tax Act, 1961, but under different terms. Key elements include conditions on eligible assets, expenditure, capital gain computation, and deposit requirements for unutilized gains. Both provisions incentivize relocation by offering substantial tax relief, with compliance requiring strict adherence to timelines and financial planning. Differences in legislative context and scheme specifications may affect their applicability and benefits.
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